I hope you are not getting tired of me. I am trying to get a property under contract by the end of this week. This is my first deal! This is my approach. FIrst call him back, because he called me and told me he wanted to sell. I couldn't call him back just yet because I didn't have any comps. O.k. now I feel I have some good comps. So I will call him and ask him about the property (i.e liens, # bedrooms, etc.). I will ask him what is the lowest price he will accept. Now, I have a buyer lined up. Here is the problem how am I suppose to really know that it is a good price if I truly do not know the cost of repairs. When do you get the repairs cost before or after putting the property under contract. How can I estimate repairs if I do not really understand repair costs. Can I put the property under contract with the lowest possible price based on my flipper ltv and estimate cost repair and then get the buyer to get the true estimate? I would like to use AGREEMENT FOR SALE - SHORT FORM with the added contingency. This is my first deal and want an inspection contingency. Here is the contigency I will use.

Upon closing date Buyer(s) reserves right to do final inspection of premises that condition of property is not significantly in adverse condition from date of this agreement and this agreement is contingent upon meeting satisfactory inspection.

I also will state the seller will pay for seller attorney fees.

I would be great it you can tell me the step by step approach to putting the property under contract or point me to the page in the Wholsaling book.

Please advise! You are so helpful